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J Pierpont Morgan
1937 SPX -54%."1937 taught us an abundant supply of cheap $ do not prevent prices from falling."Fed Reserve Bulletin
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Kevin upon Emergent Occasions 16 Jan 16
these times are another brutal reminder that most investors should be in low cost index funds
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Son Of Falcon 16 Jan 16
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Credit Master 16 Jan 16
the initial 16% decline followed by recovery nearly to highs took 6 months to play out. Then... Total collapse
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J Pierpont Morgan 16 Jan 16
Replying to @darshandorsey
@anniroc888 that did not work well from 1966 to 1982.
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auntyforex 17 Jan 16
It is because millions of people are unfairly locked out of even being able to borrow! Too poor.
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Gringo 17 Jan 16
Replying to @pierpont_morgan
Does anyone read anymore?
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slapdash 17 Jan 16
Replying to @pierpont_morgan
which book / volume is this from exactly?
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J Pierpont Morgan 17 Jan 16
Replying to @slapdash__
Charles Kindleberger The World in Depression
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slapdash 17 Jan 16
Replying to @pierpont_morgan
got it, thanks
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Mister D Bag 17 Jan 16
Great Tweet. Just goes to show that willful ignorance is the name of the game at the Fed. To what end?
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Danilo Onorino 🇪🇺🇮🇹 18 Jan 16
Replying to @pierpont_morgan
history repeats itself
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